Whitbread’s (WTB) “Buy” Rating Reaffirmed at Shore Capital
A number of other research analysts also recently issued reports on the stock. Barclays restated an equal weight rating on shares of Whitbread in a research report on Tuesday, August 21st. UBS Group restated a neutral rating and issued a GBX 4,300 ($55.47) price target (down previously from GBX 4,460 ($57.53)) on shares of Whitbread in a research report on Friday, July 20th. Credit Suisse Group restated an outperform rating and issued a GBX 4,950 ($63.85) price target on shares of Whitbread in a research report on Tuesday, May 22nd. Deutsche Bank restated a buy rating on shares of Whitbread in a research report on Thursday, June 21st. Finally, Kepler Capital Markets boosted their price target on shares of Whitbread from GBX 4,200 ($54.18) to GBX 4,900 ($63.21) and gave the stock a hold rating in a research report on Monday, September 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 4,459.44 ($57.53).
Shares of LON WTB traded up GBX 10 ($0.13) during midday trading on Friday, reaching GBX 4,710 ($60.76). The stock had a trading volume of 802,328 shares, compared to its average volume of 564,229. Whitbread has a twelve month low of GBX 3,499.90 ($45.15) and a twelve month high of GBX 4,333 ($55.90).
Whitbread PLC operates hotels, restaurants, and coffee shops. The company operates through two segments, Premier Inn and Costa. It operates approximately 785 hotels with 72,466 rooms in the United Kingdom, as well as hotels under the Premier Inn brand name; hotels under the hub by Premier Inn brand name in the United Kingdom; and restaurants under the Brewers Fayre, Beefeater Grill, Bar+Block, and Table Table brands.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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